UK firm PTFPlusOne Ltd interested in acquiring Whitegate oil refinery

A UK-based company has expressed an interest in acquiring Whitegate oil refinery, and claims that it will retain all of its current workforce if successful.

PTFPlusOne Ltd, which was incorporated in the UK in November 2013, has contacted the refinery’s current owners Phillips 66 (P66) with a proposal to buy the refinery and its marketing business.

The company has made a commitment to retain the refinery’s entire workforce, both full-time employees and contractors, which totals approximately 155 staff.